The federal energy loan program that has created headaches for President Barack Obama has a Mitt Romney connection.
The latest multimillion-dollar attack ad from former Bush political guru Karl Rove’s Crossroads GPS makes an almost entirely false claim that President Obama broke a promise to not increase taxes for families making less than $250,000 a year.
Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today.
WASHINGTON, D.C.—Today, U.S. Senators Frank R. Lautenberg (D-NJ) and Marco Rubio (R-FL) introduced legislation that would place caps on health insurance enrollment fees, deductibles, and pharmacy co-payments for military retirees enrolled in the Department of Defense’s TRICARE system. The bill would aid nine million beneficiaries in the military health care system.
The chairman of a House subcommittee that helps shape the nation’s nuclear arsenal, Rep. Mike Turner (R-Ohio), has been scathing about the Obama administration’s consideration of new cuts in the arsenal’s size. A shift in U.S. targeting policy, now under White House review, “could border on disarmament and significantly diminish U.S. strength,” Turner complained in March. “Clearly, any further reductions will undermine the deterrent that has kept this country safe.”
The dog that didn’t bark this week, let alone bite, was the President’s response to JP Morgan Chase’s bombshell admission of losing more than $2 billion in risky derivative trades that should never have been made.
The talk of the defense world is the budget — specifically, how to shrink it and what will be cut, due to Congressional wrangling or the looming “sequestration”. Given the new austerity pressures, it’s noteworthy that a costly program targeted for cancellation by both the administration and the Congress has gotten a new government check for a quarter of a billion dollars — and, if the Pentagon gets its wish, will get another $400 million soon.